PPP Fraud or How to Use the CARES Act to Go To Prison

This article has been indexed from CyberCrime & Doing Time

 If you are one of the thousands of people who fraudulently filed for a Paycheck Protection Program or PPP Loan under the CARES Act, pay attention!  This blog post  is going to explain why you should return the money and turn yourself in.  The CARES Act provided $349 Billion in forgivable loans that a business could use to cover payroll, mortgage interest, rent, lease, or utilities during the trying times of the pandemic.  But many people are assuming they can just steal that money and never pay a penalty.

Let’s use as our example the case of Zsa Zsa Bouvier Couch, whose case was just unsealed in the Middle District of Alabama.

Zsa Zsa is an entrepreneur in the Montgomery area.  She operated four businesses, according to the Alabama Secretary of State:

• Trinity Christian Ministry, LLC, incorporated on 26MAR2008.
• Kidz Academy Christian Child Care Center, Inc, incorporated as a non-profit on 12JUN2007.
• Bouvier Hair Boutique LLC, incorporated 22JAN2008.
• Slim Fit Weight Loss Medical Clinic & Spa I Inc, incorporated 07APR2020.
• Zsa Zsa’s Boutique, LLC, incorporated 02MAY2020.